% Dynamic bank run model 
% Banl leverage choice only
% GHH preferences + TFP shock

% Target values
%--------------------------------------------------------------------
hU_SS = 1;                      % average hours worked in SS
LU_SS = 15;                     % leverage in SS
LU_SS = 10;                     % leverage in SS
PU_SS = 0.05/4;                 % crisis probability

% Households
%--------------------------------------------------------------------
beta_p = 1.03^(-.25);           % preference discount factor
nu_p = 2;                       % Frisch elasticity of labor supply                  

% Firms
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alpha_p   = 0.33;               % capital-income share
delta_p   = 1;               % depreciation rate

% Fund managers
%------------------------------------------------------------------
lam_p = 0.5;                    % fire sale price (no fire sale if lam_p = 1)

% Banks
%--------------------------------------------------------------------
chi1_p = 0.95;                  % Surviving probability
chi0_p = 0.025;                  % Dividend payout ratio

% TFP shock
%--------------------------------------------------------------------
rhoa_p = 0.95;
siga_p = 1/100;
